WHAT IS PRODUCTIVITY? Productivity is about the effective and efficient use of all resources. Resources include time‚ people‚ knowledge‚ information‚ finance‚ equipment‚ space‚ energy‚ materials. IMPORTANCE For the country: Productivity enables the government to do more for the people and the economy: Ugrading the infrastructure Cleaning up the environment Providing more and better social services Providing better care for the poor‚ disabled and others. For organisations: Creating
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Production process Ben & Jerry’s: from cow to cone Step 1: the milk The milk that is used in Ben & Jerry’s ice cream comes from 10.000 cows from hundreds of local family farms. The milk from these farms goes to the St. Albans Cooperative Creamery‚ based in St. Albans‚ Vermont. The Ben & Jerry’s factories based in the USA only work with the St. Albans Cooperative Creamery to provide the milk and cream. The two companies have a close relationship and interaction. Ben & Jerry’s pays
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Marginal and absorption costing Topic list 1 Marginal cost and marginal costing 2 The principles of marginal costing 3 Marginal costing and absorption costing and the calculation of profit 4 Reconciling profits 5 Marginal costing versus absorption costing Syllabus reference D4 (a) D4 (a) D4 (b)‚ (c) D4 (d) D4 (e) Introduction This chapter defines marginal costing and compares it with absorption costing. Whereas absorption costing recognises fixed costs (usually fixed production costs) as
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What Happened at Coca-cola Advantage of Diversify Organization In a multicultural nation such as the United States‚ one would assume that the concept of diversity would have a clear definition; but the definition of diversity differs from person to person‚ from organization to organization‚ and from author to author. In some organizations‚ diversity is strictly focused upon race‚ gender‚ religion‚ and disability status; in other organizations‚ the concept of diversity is extended
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ingredients. The candy shell is made from a blend of sugar and corn syrup. The Production Process 1 The liquid chocolate is poured into tiny molds to create the chocolate centers of the candy. 2 After the candies are formed‚ they are "tumbled" to make the chocolate center smooth and rounded. Then they are allowed to harden. 3 When the chocolates are hard‚ they are transported via conveyor belt to the coating area‚ where the process called panning is performed. 4 During panning‚ the chocolates are rotated
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Marginal Costing Marginal cost is the increase in the total cost when the total quantity produced increases by one unit. That is‚ it is the cost of producing one more unit of a good. Generally‚ marginal cost at each level of production is the additional costs required to produce the next unit. For example‚ if producing additional computers requires building a new factory‚ the marginal cost of the extra computers includes the cost of the new factory. In practice‚ this analysis is divided into
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Imagine having nonstop growing fat on your stomach. That is what happens with Gaucher’s Disease. Gaucher’s is when your recessive gene gets duplicated and the metabolism gets built up with fat called glucocerebroside and it can’t be degraded‚ you can’t get rid of it. Some of the major causes are enlargement of the stomach or spleen. You can also have a low amount of red blood cells. Some symptoms of this disorder are easy bleeding or bruising‚ extra fat on stomach‚ bone and joint pain‚ and weak bones
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below 100 ℃‚ add 40% of the Miscella (an) oil solvent mixture‚ oil continuously through the catalyst (ni)‚ also can complete hydrogenation process.In the oil there are only a small amount of oleic acid‚ the oil quality improved. Esterification: the process is in 95 ~ 135 ℃ heating temperature about 2 hours‚ can also be used in catalyst (0.1% ~ 0.5% sodium methanol or
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The importance of innovation Corporations must be able to adapt and evolve if they wish to survive. Businesses operate with the knowledge that their competitors will inevitably come to the market with a product that changes the basis of competition. The ability to change and adapt is essential to survival. Today‚ the idea of innovation is widely accepted. It has become part of our culture – so much so that it verges on becoming a cliché. For example‚ in 1994 and 1995‚ 275 books published
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MARGINAL COSTING Introduction This paper explores the use of cost accounting information for decision-making purposes. DEFINITION OF KEY TERMS Marginal cost: This is the cost of a unit of a product or service‚ which would be avoided if that unit or service was not produced or provided Break-even point: This is the volume of sales where there is neither profit nor loss. 1 9 6 COST ACCOUNTING S T U D Y T E X T Margin of safety: This is the excess of sales over the break-even volume in
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